🚀 Ready to ace the CySEC exam? Dive into our super cool mock quizzes! 🧠 With 40 questions in each quiz, you're getting a sneak peek into the real deal. The best part? Every quiz is like a surprise package—unique and handpicked from a stash of 200 questions. So, why wait? Let's rock that exam together!
5 Sample Questions
What are the three phases of Money Laundering?
A.
Inflow, Concealment, and Outflow
B.
Placement, Layering, and Integration
C.
Placement, smurfing, and Transfer
D.
Layering, Placement and Integration
In the process of identifying the risk associated with their customers, Obliged Entities must consider the risk relating to:
A.
Competition in the market
B.
Creditworthiness of the customers
C.
Weather conditions in the area
D.
Compliance with anti-money laundering regulations and terrorist financing laws
When should an Obliged Entity file a suspicious transaction report to the Unit?
A.
Only when they have concrete evidence of criminal activity
B.
Whenever they have any doubts about a transaction, regardless of the evidence
C.
When a suspicious transaction is identified
D.
After seeking approval from senior management, regardless of the suspicion level
The procedure of verification of a customer’s identity is reinforced when...
A.
A customer is introduced by a reliable staff member
B.
When suspicions of money laundering or fraudulent activity arise
C.
When the customer's identity documents are not readily available
D.
When the customer has a lengthy history with the institution
The most common technique of layering is:
A.
Electronic transfers of funds, such as ATM and mobile phone transactions
B.
The physical movement of cash through courier services
C.
Purchasing high-value assets like real estate and luxury items
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